L'Oreal Eyes Stake in €3 Billion Perfume Brand Amouage [Yahoo! Finance]
L'OREAL UNSP/ADR (LRLCY)
NASDAQ:AMEX Investor Relations:
loreal-finance.com/eng
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Trump Media's Business Doesn't Matter TSMC Facilities to Resume Production Overnight After Quake Trump Got His $175 Million Bond From a Billionaire Fan's Company Kim Jong Un Faces Annihilation in Most Korea War Scenarios The French beauty group has been holding talks on the possible purchase of a minority stake in Amouage, the people said, asking not to be identified because the information is private. Amouage's owner, the SABCO Group conglomerate, has discussed a valuation of more than €3 billion ($3.2 billion) for the business in any deal, according to the people. Amouage was founded in 1983 with a pitch drawing on the sultanate of Oman's heritage as a cultural crossroads at the center of ancient trading routes for incense and myrrh. Some of its perfumes fetch €365 for a 100-milliliter bottle, according to Amouage's website. The company sells its products, marketed as “the Gi
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